www.guardian.co.uk

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HP takes $8.8bn writedown and calls on British and US authorities to investigate 'serious accounting improprieties'Hewlett-Packard has revealed that it has taken an $8.8bn (£5.5bn) charge after "serious accounting improprieties" were discovered at Autonomy, the British tech firm it acquired in 2011 for more than $10bn.The Silicon Valley giant called...

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thenextweb.com

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HP was misled into overvaluing Autonomy when it acquired the software firm last year, the company revealed while disclosing its quarterly earnings today. As a result, it announced a non-cash impairment charge of $8.8 billion, of which it says that “more than $5 billion is linked to serious accounting improprieties,...

gigaom.com

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Hewlett Packard CEO Meg Whitman said “outright misrepresentations” about the state of Autonomy’s financial health led to HP overpaying for that company last year and Whitman is recommending civil and criminal investigations into that issue. HP took a loss of $6.85 billion ($3.49 per share) for the year ending Oct....

bgr.com

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HP (HPQ) has gotten pretty used to writing off losses in recent quarters, and the company on Tuesday announced that it would incur yet another mammoth write off of $8.8 billion linked to its 2011 acquisition of enterprise information technology firm Autonomy. What makes this latest write off particularly interesting is that HP...

allthingsd.com

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Just joining the HP conference call already in progress. Already the news is amazingly bad, and the shares are hitting lows not seen since 2002, and if they go much lower we’ll be looking at levels not seen since 1994. 5:13 am: Meg Whitman is speaking about Autonomy. She just...

www.theverge.com

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HP has alleged that the owners of Autonomy heavily misrepresented their company's financial state prior to HP's takeover. The PC giant is taking an "impairment charge" of $8.8 billion thanks to what it calls "serious accounting improprieties." HP bought Autonomy last year for around $10 billion. "HP is extremely...

techcrunch.com

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HP’s earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit...

news.cnet.com

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For its fourth quarter, Hewlett-Packard records a charge of $8.8 billion in its software unit, which had "serious accounting improprieties...and outright misrepresentations" when HP bought it. [Read more]...

allthingsd.com

Hewlett-Packard’s Q4 results just crossed the wires, and they’re bad, but but quite as bad as some of the more cynical had expected. The good news: Earnings per share were $1.16, beating the consensus view of $1.14. The bad news is that sales, at $30 billion, were a half-billion dollars...

www.guardian.co.uk

Autonomous drones that could attack without human intervention would make war easier and endanger civilians, says reportThe use of autonomous drones - "killer robots" that could fire weapons with no human control - must be prohibited by international treaty, human rights campaigners and lawyers have said.Weapons being developed that could...